Toronto stocks drop 100 points on weak railways

Tue Jul 22, 2008 9:42am EDT
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TORONTO, July 22 (Reuters) - Toronto stocks tumbled more than 100 points at the open on Tuesday as weak results from the country's railway companies, a steep loss from a big U.S. financial institution and soft energy prices rattled investors.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 101.60 points, or 0.7 percent, at 13,587.59. ($1=$1.00 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)